Economy
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NITDA unveils sandbox framework for tech growth
The National Information Technology Development Agency (NITDA) has inaugurated a Technical Working Group (TWG) to strengthen regulatory collaboration and advance a coordinated sandbox framework for Nigeria’s growing digital economy. The initiative is aimed at improving cooperation among regulatory institutions and creating an environment that supports innovation. Speaking during the inauguration, the Director General of the Agency, Kashifu Inuwa, represented by…
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Eid-el-Kabir: Ram sellers urge early salary payments as low sales hit Kwara
By Mosunmola Ayobami,Ilorin As Muslim faithful prepare to celebrate this year’s Eid-el-Kabir, ram dealers have called on governments at various levels to hasten salary payments for the month of May to improve patronage. Speaking with a ram seller at the Mandate Market in Ilorin on Saturday, Olarewaju Taofeeq disclosed that the prices of rams are on the high side due…
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NNPC accuses Dangote Refinery of seeking fuel market monopoly in court battle
The Nigerian National Petroleum Company Limited (NNPC Ltd) has accused Dangote Petroleum Refinery of attempting to monopolise Nigeria’s downstream petroleum sector through its legal challenge against fuel import licences issued to rival marketers. In court filings submitted before the Federal High Court in Lagos, the state-owned oil company argued that granting Dangote Refinery’s request to revoke or restrict import permits…
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Lagos generates ₦2.6trn revenue, ₦1.87trn IGR in 2025
By Adeola Ogunrinde The Lagos State Government says it generated a record ₦2.6 trillion in total revenue in 2025, with Internally Generated Revenue (IGR) rising to ₦1.87 trillion within the same period. This was disclosed by the Commissioner for Finance, Mr. Abayomi Oluyomi, on Friday during the Ministerial Press Briefing marking the seventh year in office of Governor Babajide Sanwo-Olu…
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FG approves five deep-sea port projects to expand maritime trade
The federal government has completed all approvals, certifications, and compliance procedures for five proposed deep-sea port projects as part of efforts to strengthen Nigeria’s maritime sector and reclaim a larger share of cargo traffic in West and Central Africa. Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, disclosed that the approved projects include the Badagry Deep Sea…
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NDPHC restores Alaoji power plant after three-year shutdown
The Niger Delta Power Holding Company (NDPHC) has restored operations at the 450-megawatt Alaoji Open Cycle Power Plant in Abia State, nearly three years after the facility was shut down over gas supply and metering disputes. Managing Director and Chief Executive Officer of the company, Jennifer Adighije, disclosed this during a meeting with Abia state governor, Alex Otti, where she…
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Over $2.6bn mining investments recorded under Tinubu administration, says Alake
The Minister of Solid Minerals Development, Dele Alake, says Nigeria has recorded over $2.6 billion in mining-related investments under the administration of President Bola Tinubu following reforms introduced in the sector. Alake spoke on Thursday in Abuja at a joint stakeholders’ sensitisation meeting organised by the Nigeria Revenue Service (NRS) and the Ministry of Solid Minerals Development for the North-Central…
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Nigeria, Italy partner on global education summit, $5bn funding campaign
Nigeria and Italy have agreed to establish a joint working group to drive the proposed Global Partnership for Education (GPE) financing campaign aimed at mobilising five billion dollars for education ahead of the 2026 Global Education Summit in Rome. According to a statement issued on Thursday by Kimiebi Imomotimi Ebienfa, the agreement was reached during a meeting between Nigeria’s Minister…
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Youth leadership: NDIC, Nile University host immersion challenge for business school students
The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to talent development and stronger industry-academia collaboration, through the platform of the Executive Industry Immersion Challenge (EIIC) programme that was conducted in partnership with the Nile Business School, Nile University of Nigeria, Abuja. Speaking at the opening ceremony of the 4-day programme at the Corporation’s Head Office in Abuja, the…
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Nigerian’s equities market drops by N1.62trn
The Nigerian equities market on Wednesday recorded a sharp midweek decline, losing N1.62 trillion in market capitalization as investors trimmed exposure across major counters. The All-Share Index (ASI) lost 2,573.05 points, representing a loss of 1.02 per cent to close at 249,062.37 points. Also, market capitalisation shed by N1.62 trillion to close at N159.661 trillion. The decline was driven by…
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